GESALO Newsletter - April 2017





SAUDI ARABIA

Saudi Arabia's King Salman reverses public sector pay cuts

Saudi Arabia's King Salman has reinstated bonuses and special allowances for civil servants and military personnel. Read more

Saudi budget 2017: Deficit forecast to drop to SR 198 billion

Saudi Arabia’s deficit is projected to decline by a third next year, according to a budget statement that is seen as a step toward eliminating the shortfall altogether by 2020. Read more

Germany supports Saudi Arabia's economic plan: Envoy

German Ambassador Dieter W. Haller stated that Germany supports the Kingdom in realizing its Vision 2030 by offering high-tech products and know-how. Read more

If you are interested in the latest developments of the Saudi renewable energy plan, you might find these articles interesting:

Low oil, electricity demand drives Saudi Arabia’s renewable plans: Moody’s

Analysis of the reasons behind Saudi-Arabia’s latest focus on renewable energy. Read more

Private investors key to Saudi Arabia’s renewable energy plan

Interesting article about the key role of private investors in achieving the 9.5 GW renewable energy goal till 2023. Read more

Solar project in Saudi Arabia forecast to generate 7,000 jobs

A massive renewable energy programme in Saudi Arabia is expected to generate thousands of jobs. Read more

Events:

Saudi Smart Cities Summit & Exhibition 2017, Riyadh 16 - 18 May 2017

The conference is the first of its kind in the Kingdom and will have a very positive impact on MOMRA and is being hosted to support the Kingdom’s Vision 2030 & The National Transformation Program. Read more

Investors Dialogue Session for Renewable Energy Program (NREP) with REPDO and SAGIA, Riyadh May 22nd from 9AM to 12PM

sign up and inquiries

 

BAHRAIN

Sebastian Vettel beats Lewis Hamilton in Bahrain thriller

Ferrari's Sebastian Vettel won a hectic and thrilling Bahrain Grand Prix as Lewis Hamilton's hopes were hit by a penalty for gamesmanship. Read more

King Hamad praises expatriates' role in Bahrain

King Hamad praised the role of expatriates in Bahrain for their effective role in the building and progress of the kingdom. Read more

15 hotels valued at $10bn to open in Bahrain by 2020

Bahrain will receive 15 new hotels, valued at $10 billion, by 2020, according to a statement from the Bahrain Economic Development Board (EDB) on Wednesday. Read more

 

 





German Breakfast and Cataloge Show Kick-off in Riyadh

As every year since 2004, the German-Saudi Arabian Liaison Office for Economic Affairs (GESALO) invited businessmen from Saudi Arabia to the German Breakfast and Catalog Show. On April 20, 27 German companies exhibited their product and service portfolio to an audience of more than 150 representatives from company, business chambers, and ministries at the Narcissus Hotel. Co-organized by the Riyadh Chamber of Commerce and Industry, the event attracted great attention among the local business community and was a huge success. The opening ceremony was headed by GESALO Delegate Oliver Oehms. He told the guests that “this is the largest catalog show in many years, which demonstrates the importance of the business relations between our two great countries”. He added that “German companies stand ready to support the Kingdom in realizing the Vision 2030 by offering high-tech products and know-how in order to add to the diversification of the economy, especially strengthening the role of small and medium-sized enterprises.” H.E. Dieter W. Haller, Ambassador of the Federal Republic of Germany to the Kingdom of Saudi Arabia, said that the large number of German companies participating in the Catalogue Show reflects the growing interest of the German private sector in an engagement in the Kingdom. “The event was sponsored by major German companies, which all have been reliable and long-lasting partners of Saudi Arabia. Platinum sponsors are Lufthansa, thyssenkrupp, V-LINE, and coperion. Other sponsors include SSI Schäfer, Dornier, Airbus, Dress & Sommer, Fuchs, Gerolsteiner and Rheinmetall. The German Breakfast and Catalog Show is an important platform to strengthen the ties between German companies and their Saudi partners and opens the door for other German companies to showcase their products and services to the largest GCC market. This event is only one out of many different efforts GESALO undertakes to strengthen the ties between Germany and Saudi Arabia. This event will continue in Dammam (May 2), Tabuk (May 15), Jeddah (May 16), and Manama, Bahrain (May 17).


Saudi Arabian Delegation visits Hanover MESSE

Organized by the German-Saudi Arabian Liaison Office for Economic Affairs (GESALO), a high-ranking delegation under the leadership of the Council of Saudi Chambers (CSC) visited Germany this week. The 30 business leaders of the Kingdom of Saudi Arabia met German CEOs and industry leaders to discuss future business opportunities. They attended a roundtable meeting of the Saudi-German Business Council. GESALO delegate Oliver Oehms described the meeting as highly successful and underlined the importance of deep business relations between Germany and the Kingdom of Saudi Arabia. CSC Co- Chairman H. E. Khaled Al-Juffali acknowledged the initiative of GESALO to foster the good trade relations between both countries. At Hanover Trade Fair, the world’s leading industrial trade fair with more than 5,500 exhibitors and approximately 200,000 visitors, the Saudi delegation enjoyed a VIP tour including a reception by Siemens CEO Joe Kaeser, who emphasized the great importance and potential of the Kingdom. GESALO Delegate Oliver Oehms concluded that "the presence of Saudi exhibitors at this important trade fair shows that the Kingdom has a lot to offer to the world". Before, the delegation attended the official Trade Fair opening ceremony with the presence of H. E. Dr. Angela Merkel, Chancellor of the Federal Republic of Germany. It was a special opportunity to see the German Chancellor before she will embark on a 2-day visit to Saudi Arabia on April 30 being accompanied by leading CEOs from Siemens, Lufthansa and others. Also Dr. Eric Schweitzer, Chairman of the Association of German Chambers of Industry and Commerce will join the German head of state. Saudi Arabia and Germany traditionally share close trade relations resulting in a bilateral trade volume of almost EUR8 billion (SR32 billion) in the year 2016. Yet, GESALO has already launched several initiatives to increase this figure in the upcoming years.




 


Upcoming Events in Germany with Gesalo Participation

Arab-German Business Forum 

With approximately 400 million inhabitants and a combined GDP of over 2.7 trillion USD, the Arab world remains a crucial market, partner and important hub for trade and investment for Germany.. Especially the GCC states are well known for their constant economic growth and are therefore represent promising business opportunities for German enterprises. In return, goods “made in Germany” enjoy a high reputation in the region. Aiming to strengthen the economic ties, the 20th Arab-German Business Forum is held from May 15th-17th in Berlin, Germany. The Forum attracts over 600 participants, making one of the most important German-Arab business events in Germany.

The Forum is a great opportunity for companies to get in touch with possible future partners and discuss common challenges, establish new relationships and deepen already existing ones. Experts, economists and politicians will discuss and exchange their ideas on topics such as Industrialization, Education, development and many more. The Forum is held under the Patronage of the Federal Ministry of Economic Affairs and Energy. 





GESALO Trade Fairs  

We are working hard to ensure a large Saudi Arabian company representation at various trade fairs in Germany. Visitors and fair participants are provided with customized programs and services to maximize success. If you are interested in attending one of the listed fairs, please contact our department for trade fairs.

 



GESALO Medical Assistance

We are also providing services to facilitate medical treatment of Saudi Arabian citizens in Germany - We can help to ensure the optimal, customized treatment for your requirements and needs. If you have any question regarding our medical assistance package, please don’t hesitate to contact us.

 




Trade Fairs

 


 "Transport Logistic", Munich, Germany

09.05 -12.05. 2017



 


 

"Ligna", Munich, Germany

22.05 -26.05. 2017



 


 

"Intersolar", Munich, Germany

31.05 -02.06. 2017




AEE, Nuremberg, Germany 

30.05-31.05

IFA, Berlin, Germany

01.09-06.09


The new German-Saudi Business Magazine, April 2017



 

  • Training and Education

  • How to do business in Saudi Arabia

  • GESALO's Favorite

 




 

INDUSTRY OVERVIEW

The Plastics Industry in Germany

 



 


 

GESALO Calendar of Events

Furthermore, we are organizing or taking part in a great variety of events in Germany, Saudi Arabia and Bahrain.


GESALO Media Kit 2017

We proudly presents our new Media Kit including interesting promotion packages!




GESALO Publications


 

 Contact

Paul Riemann

Trainee PR & Communication

riemann@ahk-arabia.com

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